Interparfums (NASDAQ:IPAR) Earns Neutral Rating from BWS Financial

Interparfums (NASDAQ:IPAR)‘s stock had its “neutral” rating reiterated by analysts at BWS Financial in a report issued on Thursday,Benzinga reports. They currently have a $85.00 price objective on the stock. BWS Financial’s target price points to a potential downside of 12.88% from the company’s previous close.

IPAR has been the subject of several other reports. Berenberg Bank assumed coverage on Interparfums in a research report on Friday, November 21st. They set a “buy” rating and a $103.00 price objective for the company. Sanford C. Bernstein raised Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Zacks Research lowered shares of Interparfums from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Jefferies Financial Group initiated coverage on shares of Interparfums in a research report on Wednesday, January 14th. They set a “buy” rating and a $112.00 price objective for the company. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $123.00 target price on shares of Interparfums in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Interparfums currently has an average rating of “Moderate Buy” and a consensus price target of $119.14.

Interparfums Stock Performance

Shares of Interparfums stock opened at $97.57 on Thursday. The business has a 50-day simple moving average of $86.62 and a 200-day simple moving average of $98.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.99 and a current ratio of 3.27. Interparfums has a one year low of $77.21 and a one year high of $148.15. The company has a market cap of $3.13 billion, a PE ratio of 19.09 and a beta of 1.23.

Interparfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. The company had revenue of $429.58 million during the quarter, compared to the consensus estimate of $431.78 million. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. On average, equities research analysts forecast that Interparfums will post 5.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Interparfums

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in Interparfums by 1.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after purchasing an additional 106 shares during the last quarter. CWM LLC increased its stake in Interparfums by 21.3% in the fourth quarter. CWM LLC now owns 660 shares of the company’s stock valued at $56,000 after purchasing an additional 116 shares during the period. US Bancorp DE increased its stake in Interparfums by 1.7% in the third quarter. US Bancorp DE now owns 7,183 shares of the company’s stock valued at $707,000 after purchasing an additional 121 shares during the period. Creative Planning raised its holdings in shares of Interparfums by 2.3% in the second quarter. Creative Planning now owns 5,667 shares of the company’s stock valued at $744,000 after buying an additional 125 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Interparfums by 0.8% during the second quarter. California State Teachers Retirement System now owns 17,704 shares of the company’s stock worth $2,325,000 after buying an additional 132 shares during the period. 55.57% of the stock is currently owned by hedge funds and other institutional investors.

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.